Data on Residential Property Stamp Duties and Additional Buyer's Stamp Duties Collected in Last 10 Years

Mr Chua Kheng Wee Louis asked the Minister for Finance in each year of the last 10 years, what is the respective breakdown of residential property stamp duties and Additional Buyer’s Stamp Duty (ABSD) that is collected from (i) Singaporeans (ii) permanent residents (iii) foreigners and (iv) entities.

We are unable to provide such a long time series of data. But over the last five years from 2017 to 2021, Singapore Citizens (SC) contributed about 78% of Buyer’s Stamp Duty (BSD) and about 71% of Additional Buyer’s Stamp Duty (ABSD); Permanent Residents (PR) contributed about 1% of BSD and about 3% of ABSD; foreigners contributed about 2% of BSD and about 17% of ABSD; and entities (including housing developers) contributed about 18% of BSD and about 10% of ABSD. [These numbers have been updated. Please refer to "Annual Breakdown Amounts of Additional Buyer's Stamp Duty Collected from Singaporeans Buying Second, Third and Subsequent Residential Properties Respectively over Last Five Years", Official Reports, 14 February 2022, Vol 95, Issue No 45, Written Answers for Questions section.]

For purchases where the parties are of mixed citizenship statuses (for example, SC and PR joint purchasers), the transfer is categorised under the profile with the highest ABSD rate (that is, SC-PR joint purchasers are categorised under PR).